A bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Incorporated, is recognized as a Village Corporation under that Act, and for other purposes.

S 1468 would recognize Alexander Creek, Incorporated (a specific Alaska Native entity) as a Village Corporation under the Alaska Native Claims Settlement Act, changing its legal status from a Group Corporation. This directly affects Alexander Creek, Incorporated and its members, who would stop receiving certain benefits from the Cook Inlet Region, Incorporated (the Regional Corporation) and instead receive future resource payments directly from Alexander Creek. The bill requires Alexander Creek to negotiate a settlement of its land claims and other U.S. claims within 13 months of enactment, with the agreement aiming for parity with other Village Corporations. It also ensures Alexander Creek retains its existing land entitlements as a Group Corporation and allows it to receive federal surplus property under specific conditions.